At Bloomberg, Wall Between News and Data Came Late

5/13/2013 11:16AM

Bloomberg, whose news business has expanded in recent years, moved late to restrict its journalists' ability to look up data about subscribers to its financial terminals. William Launder reports. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... in twenty oh well promoted its on Michael Casey ... focal Kopin began ... to join a suit over the story is belong to ... bill welcome ... it's it's an interesting development ... and of course it'd been good competitor thousand was somewhat intrigued about with the way things with it it still salute about what's what's happening ... well I think what happened was for years Bloomberg ... Bloomberg News around has had access ... to some very limited information about subscribers ... some people are ... smarter calls the Urban ring mosque is suggested that ... Mrs info you could ... use to really drill down and see what a ... banker or government official was looking at ... aam ... in reality it appears that all they did have access to were ... very very basic ... things like ... when you first came subscriber ... if you were ... a veil worn on in the same way that ... communal on G chat ... aam ... and very very broadly the types ... of Terminal functions to reason that Mike Noosa Shire ... that's about it from all we can tell ... Brian ... that guided taking some of the axis away eyes that I think the the ... there was a lot of complaining I for one from Goldman Sachs which decline of there's the ... ALM ... that has for some pull back and realize ... admittedly said this was a ... something they've had in place for a long time aam dating back to when ... journalists were much more involved in the sales process ... and Trek has as many non necessary and of itself using the period contention was the focus of Vodafone whose offer their strict lines ... between these operations ... that states something to the fact that Bloomberg began ... not as in the company's motives of Muddy recognizes one ... lousy by the general public the more is a good idea so this tofu with the trial but that's neither did I add a touch on on today is that ... the news operation ... for Chile for journalists is very visible than ... ALM of one bird as an entity makes almost all of its money from elsewhere in ... the financial data interesting terminals business ... the news component is is really a much smaller share of her business and I'll be a ... very visible one ... ALM so they've ... really ramped up in recent years in their news operation ... is interesting given how I want you coming back to ... aam ... and that makes them I think very a ... open to scrutiny ... aam ... so ... this has taken some steps will see racist dies down for your little one weekend soon as quickly ... and get on a Bloomberg terminal that that consists of what that means the data see what a subscriber is to ... well I think ... I it's it's very calm can visit the Bloomberg terminal is a very sophisticated machine ... what ... when Bloomberg has said is that ... you can previously as the staff journalist seen ... only this ... time ... now ... when you had first become subscribers ... today you'd in China for service ... if you were available for non when your last long gone ... and very very broadly defined since you had been using their chat functions ... in our new windows see if they had ... access to certain